Essar to invest Rs 2,000 crore in Bengal’s brownfield CBM project
Essar Oil and Gas Exploration and Production Ltd (EOGEPL) will invest another Rs 2,000 crore in the next 18 to 24 months in its coal bed methane project in West Bengal’s Raniganj, an official said. The company earlier had already invested Rs 5,000 crore in the Raniganj block in drilling 350 wells and producing nearly […]
After debt resolution, Essar Oil lines up Rs 1,200-crore capex
After implementing the debt resolution plan, Essar Oil and Gas Exploration and Production (EOGEPL) has lined up a capital expenditure (capex) of Rs 1,200 crore till FY27. The capex by the company focuses on unconventional hydrocarbons (UHC). It involves drilling of 210 new wells and refraction of existing 348 wells in Raniganj block during the […]
Essar Oil and Gas reports net profit of ₹97 Cr in Q3 FY23
Essar Oil and Gas Exploration and Production (EOGEPL), on Monday, reported a multi-fold increase in its net profit at ₹97 crore for Q3 FY23 aided by ramp-up in gas production and reduction in internal consumption. The company reported its highest-ever quarterly revenue of ₹219 crore in Q3 FY23, with 54 per cent Y-o-Y growth. The profit […]